Home Loan Calculator for India

Your loan

Loan amount (₹) Interest rate (% a year) Tenure (years) Start from a lender's rate

Monthly EMI–

Total interest–

Total repaid–

Interest in year 1–

Where each year's payments go

Year-by-year table

Prepaying

One-time prepayment (₹) In year Extra every month (₹) After prepaying, keep

If the repo rate changes

Most floating-rate home loans are linked to the RBI repo rate (now 5.25%), so a change passes straight into your rate. Banks usually keep the EMI and change the tenure.

Change (percentage points) After (months)

Loan left over time

Your loan as entered, with the prepayments above, and with the repo-rate change above.

Tax saved, FY 2026-27

For a salaried person under 60 living in the home. Only the old regime allows home-loan deductions: interest up to ₹2 lakh and principal within the ₹1.5 lakh 80C limit.

Salary a year (₹) Other 80C investments (₹)

Rent or buy?

Home price (₹) Down payment (%) Rent for a similar home (₹/month) Rent rises (% a year) Home value rises (% a year) Return on invested savings (% a year) Compare over (years)

Buying includes 7% for stamp duty and registration and 0.5% a year for upkeep, and uses the loan rate and tenure above. Renting invests the down payment and, each month, whatever buying would have cost beyond the rent.

Home-loan rates, September 2026

Starting rates for salaried borrowers with good credit scores; most borrowers pay more. Check with the lender before deciding.

Sources: lender rates from Urban Money (updated 28 September 2026) and ICICI Bank; repo rate from the RBI policy of 5 August 2026.